The system of global rules for international trade, however, dates back half a century to 11948 when the Ceneral Agreement on Tariffs(关税)and Trade(GATT)was formed after World War Ⅱ.
As time went by, it became clear that the GATT had two major drawbacks——the limited areas of trade it covered, and the lack of an effective system to settle disputes.
After seven years of trade talks ending in 1994, the socalled Uruguay Round finally gave birth to the WTO, complete with an effective system to settle disputes and new rules covering trade in services and intellectual property(知识产权).
Even after seven years of talks and 22,500 pages of agreements there were still problems, especially the difficulttodealwith areas of agriculture and services, which the member nations agreed to revise in 2000.The WTO, with its head office in Geneva, has 135 members with 30 more waiting to join.
66From the passage we know that the GATT stopped working .
Asoon after World War Ⅱ ended
Ba little more than 50 years after World War Ⅱ
Cjust in the year 1994
Dseven years before the Uruguay Round talk
67Compared with the GATT, the WTO .
Adidn't pay enough attention to services and intellectual property
Bgot its members to sign the agreements more easily
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